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The terms of reference of the commission was: To examine, "the principles that should govern the emoluments structure including pay, allowances and other facilities/benefits, in cash or kind," of civilian employees of the central government (33.02 lakh); and of the Defence forces (13,86,171) [1]: page 105, para 6.2.2
Formula for calculating Dearness Allowance for Central government employees from 1 January 2006 is : Dearness Allowance %= {(Average of AICPI(Base year 2001=100) for the past 12 months – 115.77)/115.77}*100. In October 2021, the government revised the Consumer Price Index for Industrial Workers (CPI-IW) base year from 2001 to 2016. [4]
The employee can borrow up to 34 months of the basic pay to a maximum of Rs 25 lakh, or cost of the house/flat, or the amount according to repaying capacity, whichever is the least. If both spouses are central government employees, they can take Housing Building Advance (HBA) either jointly, or separately.
The condition that the employees have all India transfer liability should also be dispensed with". [1]: para 4.2.14, 4.2.23, 4.2.25 The Government linked the SDA to inflation, mandating that it " shall automatically increase by 25% whenever the Dearness Allowance payable on the revised pay bands goes up by 50percent."
The report led to a six percent increase in the cost of living allowance for central government employees from 16 percent to 22 percent. [ 3 ] The Sixth Central Pay Commission estimated that the financial implication of its recommendations would be "Rs.7975 crore for the year 2008 – 2009, and an additional, one time burden of Rs.18060 crore ...
Switzerland said on Tuesday it was concerned by U.S. President-elect Donald Trump's proposals to raise tariffs and is considering how to respond if his new administration does so. Trump aims to ...
Net Salary per month (including other emoluments and allowances) All emoluments and allowances References 1 President ₹ 500,000 (US$5,900) + Other allowances fixed to the President. [1] [2] [3] 2 Vice President ₹ 400,000 (US$4,700) + Other allowances fixed to the Vice President. [4] [5] [3] 3 Prime Minister ₹ 280,000 (US$3,300)
Social Security is the U.S. government’s biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits.This year, we’re seeing a ...